Prairie Operating Co. Reports $68.1 Million Revenue and $35.7 Million Net Income for Quarter Ending June 30, 2025

Prairie Operating Co. reported significant financial growth in its latest 10-Q filing for the quarter ending June 30, 2025, with total revenues reaching $68.1 million, a substantial increase from zero revenues in the same period last year. The company attributed this growth primarily to its recent acquisitions, particularly the Bayswater Acquisition, which closed on March 26, 2025. For the first half of 2025, total revenues amounted to $80.9 million, reflecting the contributions from newly acquired assets. The company also reported a net income of $35.7 million for the quarter, compared to a net loss of $8.5 million in the prior year, indicating a turnaround in profitability.

The financial performance marks a notable shift from the previous fiscal period, where Prairie Operating Co. had no revenue and incurred losses. The increase in revenues was driven by crude oil sales of $57.9 million, natural gas sales of $6.1 million, and NGL sales of $4.1 million. Operating expenses for the quarter totaled $49.2 million, which included lease operating expenses of $11.3 million and general and administrative expenses of $16.4 million. The company’s total assets surged to $858.5 million as of June 30, 2025, up from $156.6 million at the end of 2024, largely due to the acquisition of oil and natural gas properties.

Strategically, Prairie Operating Co. has focused on expanding its asset base through acquisitions, including the Bayswater and NRO acquisitions, which have significantly increased its production capacity. The company has approximately 50,000 net leasehold acres in the DJ Basin, a region known for its low break-even prices and high production potential. The Bayswater Acquisition alone added substantial reserves and production capabilities, with initial production from the acquired wells expected to come online in the third quarter of 2025.

Operationally, the company reported a total production of 1.9 million barrels of oil equivalent (MBoe) for the quarter, with an average sales volume of 21,052 Boe per day. The company’s engagement metrics reflect a strong operational ramp-up, with drilling operations completed at the Rusch pad and ongoing completion activities at the Opal Coalbank pad. Prairie Operating Co. also plans to further enhance its production capabilities with the upcoming Edge Acquisition, which is expected to close in the third quarter of 2025.

Looking ahead, Prairie Operating Co. remains optimistic about its growth trajectory, supported by its recent acquisitions and operational expansions. The company has a robust liquidity position, with $10.7 million in cash and a credit facility providing access to $88 million for future capital needs. Management anticipates that the combination of cash flow from existing wells, proceeds from its at-the-market offering, and available credit will be sufficient to meet its operational and capital expenditure requirements over the next 12 months.